Need help on MG375DLBU1A2020 Production & Business Policy

Unit 3: Discussion

Directions

Post your initial response to the Discussion Questions by midnight on Thursday. Then by Sunday at midnight CST/CDT you must provide a substantive response to two or more classmates' posts Use the concepts learned from the text as well as from outside sources (at least two [2] are required) for compiling the response to each Discussion Question.  Cite the sources used in the Discussion Question posting as well as in the peer responses IAW APA Format.

Important: Your grade for the responses you post in our Discussion Area will be determined not only by your responses to the assignment questions, but also by your responses to your fellow students' postings. Be sure to reply to at least one posting for each Discussion Question. Otherwise, five points will be deducted from your grade.

Discussion Questions

1. From Chapter 4: Discuss how a development in a corporation’s natural and societal environments can affect the corporation through its task environment.

In the event that we have the development in a corporation's natural and societal environments, the corporation can be affected in a wide array of ways through its task environment. First, the development of the corporation's natural and societal environments would mean that there is an interlinked mode of operation with the clients/customers of the corporation whereas the corporation will be competing for the customers who form the task environment, the development of the corporation's natural and societal environments will be able to meet the requirements of the customers in the task environment and it will influence the level of productivity of the corporation geared towards meeting their tastes and preference. The development of a corporation's natural and societal environment will increase the level of customer satisfaction and the corporation will attain the competitive standing in the environment in regards to the other corporations that operate in the same environment. Second, development in a corporation's natural and societal environments will mean that the corporation takes corporate social responsibility with more attention and once the corporation does this, it will be able to be regarded as a good citizen and a payer within the environment. Due to this, the corporation will harness the goodwill of the distributors and suppliers who distribute and supply its products and the customer having attached their loyalty to the corporation, the corporation will be able to attain high margins due to high loyalty and goodwill from the participants of the task environment like the distributors and the customers. All the activities of the corporation will be on a goodwill and established loyalty more so from the customer base. Third, when there is development in a corporation's natural and societal environments, the task environment players like the competitors who are the key players in the task environment will be able to foster robust move of product differentiation and the corporation had developed its level of natural environment and the societal environment, will have a standing edge among the competitors and it will stand higher chances of gaining the larger market share vis-a-vis the competitors' and this will bring forth premium realization to the corporation.

2. From Chapter 5: What is the relevance of the resource-based view of the firm to strategic management in a global environment?

It always depends on the company’s Vision. How they want to see them in Global market.

Resource based view of the firm to strategic planning is more relevant to expand/ og into Global market.

It will enable us to spend time to find out our weakness and strength at first place.

Then we must study how we approach and what kind of strengths are required for Global environment.

What kind of assets we possess , and what will be required in global market. As each country has different requirement and do we able to match that?

After Strength identification we must classify the same as per global requirement. We also simultaneously do the same to find out weakness.

For Specific country what kind of skill set requires group them and work on how to improve upon them. Cluster countries where similar strength are required. And invest in developing weakness to skills .

This resource based view will help to identify the positive aspects and point of improvements of the firm. You can plan based on global market and develop required skills, improve existing strength and eliminate what is not required.

Also as you have done research of Global market( external forces) you have rough idea how it will affect your company. Using this view Company can mane strategic Planning for a global market.

For example. ITC Ltd is an Indian company. If they want to go to Global market then Recourse based view can be helpful to form a strategic planning.

1. They can study and identify the strengths

2. What is Global requirement ?

3. How can they meet up global requirement .

4. Will existing product perform better out there?

5. What kind of product launch will be beneficial..

6. What improvement they have to bring.